Financial services group IFG has sold one of its UK financial advice businesses for €2.7m. The Nottingham based ISA Shop Ltd has been sold to The Money Portal.
IFG says the sale is consistent with IFG's focus on fee-based independent financial advisory businesses. The company is currently undergoing a strategic shift and is exiting the investment business.
The money raised from the sale will be used to pay off debt and strengthen IFG's balance sheet. IFG operates mainly in Ireland, the UK and the Isle of Man.
